XML 64 R12.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2015
Intangible Assets |
Intangible Assets |
(5) | Intangible Assets
Mortgage Servicing Rights At September 30, 2015, the Company was servicing approximately $311.8 million of loans sold to the secondary market compared to $313.9 million at December 31, 2014, and $315.3 million at September 30, 2014. Mortgage loan servicing fees, reported as non-interest income, earned on loans sold were $206,000 and $648,000 for the three and nine months ended September 30, 2015, respectively, compared to $226,000 and $672,000 for the three and nine months ended September 30, 2014, respectively. The table below presents changes in mortgage servicing rights (MSRs) for the periods indicated.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Balance at beginning of period |  | $ | 2,727 |  |  | $ | 2,911 |  |  | $ | 2,762 |  |  | $ | 3,036 |
Originated mortgage servicing rights |  |  | 76 |  |  |  | 95 |  |  |  | 303 |  |  |  | 217 |
Changes in fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due to change in model inputs and assumptions (1) |  |  | 136 |  |  |  | 27 |  |  |  | 223 |  |  |  | 97 |
Other changes in fair value (2) |  |  | (165 | ) |  |  | (166 | ) |  |  | (514 | ) |  |  | (483 | )
Balance at end of period |  | $ | 2,774 |  |  | $ | 2,867 |  |  | $ | 2,774 |  |  | $ | 2,867 |
(1) The change in fair value resulting from changes in valuation inputs or assumptions used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates. (2) Other changes in fair value reflect changes due to customer payments and passage of time. The following key data and assumptions were used in estimating the fair value of the Company’s MSRs as of the nine months ended September 30, 2015 and 2014:
|  | Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |
Weighted average constant prepayment rate |  |  | 10.06 | % |  |  | 10.05 | %
Weighted average note rate |  |  | 3.92 | % |  |  | 4.00 | %
Weighted average discount rate |  |  | 9.35 | % |  |  | 9.18 | %
Weighted average expected life (in years) |  |  | 5.80 |  |  |  | 5.90 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration